Dec. 11 at 11:39 PM
Actionable Trade Alert for
$BWA:
Market Context:
$BWA closed at
$44.75, showing strong momentum with an RSI of 71.76, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$43.73 and 50-day moving average (MA50) of
$43.43, suggesting bullish sentiment. The 60-day high of
$46.39 provides a resistance level, while the 60-day low of
$40.50 offers support.
Directional Bias: Given the current price near the 60D high and the elevated RSI, a pullback could occur. However, the overall trend remains bullish, and a breakout above the high is possible.
Trade Plan:
- Suggested Entry:
$44.75
- Stop Loss:
$43.50 (approx. 2.8% risk)
- Take Profit Targets:
1.
$45.50 (1.67% gain)
2.
$46.00 (2.79% gain)
3.
$52.50 (17.5% gain)
With a target of
$52.50, this trade offers a potential 17% ROI. Monitor price action closely for entry and exit adjustments.
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